Richardson Electrs Ltd SEC Filings

Richardson Electronics, Ltd. reported modest growth and improved profitability for the quarter and first half ended November 29, 2025. Quarterly net sales rose to $52.3 million, up 5.7% from a year earlier, with strength in Green Energy Solutions and Canvys offsetting lower Power and Microwave Technologies revenue. Gross margin held around 31%, and tight cost control kept selling, general and administrative expenses roughly flat, lifting quarterly operating income to $0.1 million from a prior loss.

For the first six months, net sales increased to $106.9 million and net income improved to $1.8 million from a small loss a year ago, reflecting higher sales and slightly better margins. The company maintained a solid balance sheet, with $33.1 million of cash and cash equivalents, minimal long-term liabilities, and inventories of $105.2 million. Richardson also extended its $20 million revolving credit facility to 2028 and completed the sale of most Healthcare assets while retaining a long-term CT tube supply relationship, and it now reports three operating segments: PMT, GES and Canvys.

Richardson Electronics, Ltd. furnished an update on its recent performance by disclosing that it issued a press release announcing earnings results for its second quarter ended November 29, 2025. The company reported these results under a current report on Form 8-K using the "Results of Operations and Financial Condition" item.

The earnings details are contained in a press release attached as Exhibit 99.1, which is incorporated by reference but expressly treated as "furnished" rather than "filed" for liability purposes under the securities laws. The filing also lists the related Inline XBRL cover page data as Exhibit 104.

DDD Partners, LLC dba Tschetter Group filed Amendment No. 1 to a Schedule 13G reporting a passive ownership stake in Richardson Electronics, Ltd. common stock. As of the event date of 12/31/2025, DDD Partners reports beneficial ownership of 1,133,092 shares, representing 9.1% of the outstanding common stock.

The firm, an investment adviser, states it has sole voting and sole dispositive power over all 1,133,092 shares, with no shared voting or dispositive power. It certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Richardson Electronics.

Richardson Electronics (RELL)11/18/2025, he acquired 12,500 shares of Common Stock at a stated price of $0 in a transaction coded as a conversion. That same day, he disposed of 32,500 shares of Common Stock in a transaction reported as a bona fide gift, for which he disclaims all beneficial and pecuniary interests.

Through a trust for which he is trustee and sole beneficiary, he also reported derivative positions in Class B Common Stock. One entry shows a conversion of 12,500 shares of Class B Common Stock, each immediately convertible into one share of Common Stock with no expiration. Subsequent entries report bona fide gifts of 500 Class B shares each to Alexander and Nicholas Richardson, his sons, leaving 1,995,657 Class B shares held indirectly by the trust.

Richardson Electronics (RELL) filed a Form S-8 to register 2,000,000 shares of common stock for issuance under its Amended and Restated 2011 Long‑Term Incentive Plan, following stockholder approval of an amendment on October 7, 2025.

The filing uses General Instruction E to add shares to a previously registered plan, incorporating prior S-8s from 2012, 2015, 2018, and 2020 by reference. This registration supports future equity awards to employees, directors, and other eligible participants under the plan.

Richardson Electronics (RELL) director reported an open market sale of 4,200 shares of common stock at $11.3337 per share on October 16, 2025 (Transaction Code S). After the sale, the reporting person beneficially owned 14,345 shares, held directly. The filing was made by one reporting person.

Richardson Electronics (RELL) disclosed insider transactions by its CFO/CAO/Corporate Secretary, Robert J. Ben, on 10/14/2025. He exercised 2,000, 3,500, and 4,000 stock options at $5.61, $4.26, and $7.66, respectively, then sold 5,000 and 4,500 shares at $11.31 and $11.60. After these trades, he directly owned 62,034 common shares. Derivative holdings shown include 1,500 remaining options with a $7.66 exercise price expiring 07/19/2031.

Richardson Electronics (RELL) reported an insider transaction by COO and Director Wendy Diddell. On October 14, 2025, she executed a Transaction Code G, which is a bona fide gift, of 250 shares of common stock at a reported price of $0.

Following the transaction, her beneficially owned common stock stands at 127,044 shares, held directly. The filing notes that Mrs. Diddell disclaims all beneficial and pecuniary interests in connection with this gift.

Richardson Electronics, Ltd. reported modest revenue growth and improved profitability in the first quarter of fiscal 2026. Net sales rose to $54.6 million, up 1.6% from $53.7 million a year earlier. Gross margin increased to 31.0% from 30.6%, supporting higher operating leverage.

Selling, general and administrative expenses were $16.0 million or 29.2% of sales versus $16.1 million or 30.0% a year ago. Operating income improved to $1.0 million from $0.3 million, and net income rose to $1.9 million from $0.6 million. The company disclosed a 10-year global supply agreement to supply repaired Siemens CT X-ray tubes and an exclusive limited manufacturing arrangement for ALTA CT X-ray tubes for about twelve months. Management noted tax-law changes and is evaluating the future impact on results and cash flows.